A couple of sources have told us that eBay, Fox/MySpace and AOL all took a long look at the company, but ultimately passed based on the price and the fact that the company has done aggregate revenues since launching of only $1 million or so.

So instead of selling, Meebo is closing a financing round valuing the company at $175 – $200 million. The company wants strategic investors as well as the inevitable private equity funds that would be willing to pay this kind of valuation (traditional VCs won’t touch a deal like this). The rumor is that Fox and/or AOL may be investing in the round.

Meebo’s big selling point is the success of Meebo Rooms, which essentially turns chat rooms into a web service. Also, Facebook just jumped into the chat space; other social networks can quickly add the feature via a partnership with Meebo.

The deal has not yet closed, according to our sources, although we hear Meebo has a big announcement scheduled for Thursday morning, Our guess is that it isn’t the financing, but we’ll see.

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OverviewMeebo is a consumer internet company focused on driving user engagement across the web, reaching approximately half of the U.S. internet population. Our flagship product, the Meebo Bar, provides publishers and advertisers a surprisingly simple way to leverage this massive audience by organically weaving content engagement and brand experiences into the consumer’s web experience. The Meebo Bar is …